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Mutual Fund Withdrawals a Record as Investors Flee

Investors pulled a record $52.1 billion from U.S.-managed stock and bond mutual funds in the past week, seeking the safety of government-insured bank deposits as the financial crisis worsened.

Webmaster's Commentary: 

And just what do they think the Banks will do with that money in order to pay interest?

Invest it in the stock market?????

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Posted on Oct 09, 2008 at 21:12
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